What are 3 benefits of a savings account?

Answers

Answer 1

Answer:

1. Earning interest - Savings accounts typically earn more interest than a checking account. This means that the money in your savings account will grow over time.

2. Safety - Savings accounts are generally FDIC insured, meaning that the money you have in your account is protected from loss if the bank fails.

3. Liquidity - Savings accounts are highly liquid, meaning you can access your money when needed.

Explanation:


Related Questions

an owner is considering installing a below-ground swimming pool, which will cost many thousands of dollars to build. before hiring a contractor, the owner should consider the concept of

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Owner should think about real estate taxes before employing an independent contractor for the development of the work.

Contractors

An example of an independent contractor is an auto mechanic who has a station license or resale license, buys the parts required for the maintenance, sets his or her own expenses, collects from the customer, sets his or her own hours and days of work, and owns or rents the shop from a third party.

You are hired by yourself if you are an independent contractor. The income of someone working as an independent contractor is subject to self-employment tax. Visit the Self-hired individual's Tax center to learn more about your tax obligations.

The Contractor shall erect and properly maintain at all times, as required by the conditions and development of the work, including barriers, shoring, supports, braces, lighting, hazard signs, and essential safeguards, as will protect workers and the public and as will effectively prevent any harm and injury to persons.

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what do you use to find state specific information

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To find state-specific information, an individual can choose to use government portals or legal websites of the state that they desire information on.

What is state-specific information?

State-specific information refers to information about governmental legislation in the desired state. It is known as being state-specific because the information is unique to that very state. Many states have dos and don'ts that are limited to them.

To get these, one can choose to use the information from a government portal. These are often in the form of a .gov domain. Reputable legal websites that are in the territory of the state might also have reliable information on the state's regulations.

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